Loans must be repaid, usually after you graduate, withdraw from college or drop below half-time enrollment status (less than
6 credit hours per semester for undergraduates and less than 4 credit hours per semester for graduates). Student loans provide
low interest rates, attractive repayment options and deferment/cancellation opportunities.
While most loans are based on financial need as determined by the FAFSA; others do not require that you demonstrate financial need.
BGSU participates in the William D. Ford Federal Direct Student Loan Program in which the loan application process is through
the University and does not require application to a separate bank or lending agency. Federal loans including the Federal Perkins, Federal Direct Student Loans and Federal Direct Parent Loan for Undergraduate Students, are available to BGSU students. The Student Financial Aid Office encourages families to fully explore federal student and
parent loan options before turning to private student loans. But for those students who need funds beyond federal loans,
a number of financing options, including the Sallie Mae Signature Student Loan, are available. A private loan comparison tool is also available at www.certifiedprivateloans.com.
